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Manager List » Merizon Group Ltd »

Merizon Group Ltd - Arpiam Ltd.

Principal(s): Oliver Danvel - Chief Investment Officer
Strategy: Macro / FX
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Investment Restrictions: Non US Investors or ECPS Only++
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Statistics & Program Information

Mar Return 0.15%	Worst Drawdown ⁽²⁾ -5.95%	Minimum Investment $310,000
YTD Return 6.34%	Losing Streak ⁽³⁾ 0.00 %	AUM⁽⁵⁾ $4,820,381
Annualized CROR:¹ 11.50%	Sharpe Ratio ⁽⁴⁾ 1.46	Calmar Ratio ⁽⁶⁾ 2.16

Trading Methodology 25% Systematic 75% Discretionary	Style Sub-Categories Macro	Trading Style 100% Price Dislocation Mean Reversion
Market Sector 100% Forex	Holding Period 25% Medium Term 75% Short Term	Geographic Sector Global Contracts: Forex

Start Date Mar-2017	Currency USD	Margin ⁽⁷⁾
New Money Yes	AUM ⁽⁵⁾ $4,820,381	Management Fee 1% seed / 2%
Min Investment $310,000	Annualized CROR ¹ 11.50%	Incentive Fee 10% seed / 20%
Fund Minimum $310,000	Losing Streak ⁽³⁾ 0.00 %	Other Fees None
Notional Funds No	Worst Drawdown ⁽²⁾ -5.95 %	Avg Comm ⁽⁸⁾ $0.00
NFA Member No	Sharpe Ratio ⁽⁴⁾ 1.46	Max Comm ⁽⁹⁾
NFA Number	Calmar Ratio ⁽⁶⁾ 2.16	Round Turns ⁽¹⁰⁾ 0

Starting Date: Mar-2017	Currency: USD
Open to New Investors: Yes	Current Assets: $4,820,381
Open to US Investors: Yes	Annualized CROR: 11.50%
Minimum Fund Investment: $310,000	Worst Monthly Drawdown: -5.95
Minimum Managed Account: $310,000	Current Losing Streak: 0.00 %
Domocile: BVI	Calmar: 2.16
Subscriptions: Weekly	Sharpe Ratio: 1.46
Redemptions: Weekly	US Attorney: Not Listed
Lock Up: N/A	Offshore Attorney: Not Listed
Hurdle Rate: N/A	Administrator: Not Listed
Administraton Fee: 0.00%	Prime Broker: MAS Markets
Management Fee: 0.00%	Auditor: Francis-Clarke LLP
Incentive Fee: 0.00%	NFA Member: No
Selling Fee: 0.00%	FINRA Member: No
Other Fees: None	Other Memberships: None

Type of Fund: Futures Fund Single Advisor Fund	Domicile: BVI	Strategy: Futures Strategies Absolute Return

Track Record Prepared By: Francis-Clarke LLP

Correlations: AG CTA Index: -0.137 AG Discretionary CTA Index: -0.125

Trading Description, Risk Strategy & Background

Trading Description

Our Opus strategy is built on a three-pillared approach, integrating global macro trends, academic insights, and an analytical framework. We focus on fundamental drivers and apply proven strategies to harvest risk premia.

Macro Focus: Targets fundamental drivers of financial markets, identifying divergences and possible reversals

Strategic Depth: Uses value, carry, momentum, and mean-reversion strategies within the G10+ FX space

Advanced Analytics: Leverages proprietary indicators, positioning data, and sentiment analysis.

Risk Strategy

Background

Oliver Danvel is the Portfolio Managers for Merizon Group. Merizon's team brings 50 years of combined expertise in research, trading, and portfolio management, delivering a wealth of diverse experience.

Performance

All performance calculations are net of fees at seed rates.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	ROR	Max DD
2025	5.76%	0.40%	0.15%										6.34%	0%
2024	9.07%	0.90%	-0.47%	-0.46%	1.78%	0.03%	-0.69%	5.76%	1.65%	0.18%	2.57%	-4.48%	16.32%	-4.48%
2023	1.85%	1.12%	1.81%	-3.68%	4.51%	5.83%	-0.12%	0.68%	2.62%	1.81%	0.35%	-5.95%	10.76%	-5.95%
2022	-0.43%	2.34%	1.78%	0.36%	1.84%	1.33%	-0.67%	2.25%	0.21%	0.95%	0.86%	-2.19%	8.87%	-2.19%
2021	1.05%	1.00%	0.51%	-1.32%	-4.31%	6.78%	0.83%	0.46%	0.16%	-0.74%	3.00%	1.65%	9.06%	-5.57%
2020	0.20%	1.21%	1.83%	0.53%	0.44%	0.15%	-0.58%	-0.70%	2.05%	0.36%	-0.11%	0.52%	6.02%	-1.28%
2019	1.03%	0.37%	0.64%	0.07%	1.49%	0.83%	0.78%	1.25%	0.76%	0.72%	0.45%	0.48%	9.23%	0%
2018	1.90%	1.00%	0.92%	3.77%	0.92%	0.30%	1.33%	1.27%	0.89%	0.91%	0.91%	0.96%	16.12%	0%
2017			0.91%	1.43%	0.46%	0.70%	0.70%	1.64%	0.99%	0.92%	1.11%	0.88%	10.17%	0%

Annual Performance

Years	2017	2018	2019	2020	2021	2022
ROR	10.17%	16.12%	9.23%	6.02%	9.06%	8.87%
Max DD	0.00%	0.00%	0.00%	-1.28%	-5.57%	-2.19%

Years	2023	2024	2025 YTD
ROR	10.76%	16.32%	6.34%
Max DD	-5.95%	-4.48%	0.00%

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. THERE IS A RISK OF LOSS IN FUTURES TRADING.

VAMI, Assets under Management & Worst Drawdown

Monthly Returns

Accounting Notes:

All performance calculations are net of fees at seed rates.

RISK DISCLOSURE

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

THIS MATTER IS INTENDED AS A SOLICITATION FOR MANAGED FUTURES. THE RISK OF TRADING COMMODITY FUTURES, OPTIONS, FOREIGN EXCHANGE ('FOREX') AND/OR CRYPTOCURRENCIES IS SUBSTANTIAL. THE HIGH DEGREE OF LEVERAGE ASSOCIATED WITH COMMODITY FUTURES, OPTIONS AND FOREX CAN WORK AGAINST YOU AS WELL AS FOR YOU. THIS HIGH DEGREE OF LEVERAGE CAN RESULT IN SUBSTANTIAL LOSSES, AS WELL AS GAINS. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IF YOU ARE UNSURE YOU SHOULD SEEK PROFESSIONAL ADVICE. AN INVESTOR MUST READ AND UNDERSTAND THE CTA’S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING. THERE ARE NO GUARANTEES OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY.

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. IN SOME CASES MANAGED ACCOUNTS ARE CHARGED SUBSTANTIAL COMMISSIONS AND ADVISORY FEES. THOSE ACCOUNTS SUBJECT TO THESE CHARGES, MAY NEED TO MAKE SUBSTANTIAL TRADING PROFITS JUST TO AVOID DEPLETION OF THEIR ASSETS. EACH COMMODITY TRADING ADVISOR ("CTA") IS REQUIRED BY THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") TO ISSUE TO PROSPECTIVE CLIENTS A RISK DISCLOSURE DOCUMENT OUTLINING THESE FEES, CONFLICTS OF INTEREST AND OTHER ASSOCIATED RISKS. A HARD COPY OF THESE RISK DISCLOSURE DOCUMENTS ARE READILY AVAILABLE BY CLICKING ON EACH CTA'S "REQUEST DISCLOSURE DOCUMENT" BUTTON.

THE FULL RISK OF COMMODITY FUTURES, OPTIONS AND FOREX TRADING CAN NOT BE ADDRESSED IN THIS RISK DISCLOSURE STATEMENT. NO CONSIDERATION TO INVEST SHOULD BE MADE WITHOUT THOROUGHLY READING THE DISCLOSURE DOCUMENT OF EACH OF THE CTAS IN WHICH YOU MAY HAVE AN INTEREST. REQUESTING A DISCLOSURE DOCUMENT PLACES YOU UNDER NO OBLIGATION AND EACH DOCUMENT IS PROVIDED AT NO COST. THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN ANY OF THE FOLLOWING PROGRAMS NOR ON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE DOCUMENTS. OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE PROVIDED TO YOU BEFORE AN ACCOUNT MAY BE OPENED FOR YOU.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. PROSPECTIVE CLIENTS SHOULD NOT BASE THEIR DECISION ON INVESTING IN THIS TRADING PROGRAM SOLELY ON THE PAST PERFORMANCE PRESENTED. ADDITIONALLY, IN MAKING AN INVESTMENT DECISION, PROSPECTIVE CLIENTS MUST ALSO RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY MAKING THE TRADING DECISIONS AND THE TERMS OF THE ADVISORY AGREEMENT INCLUDING THE MERITS AND RISKS INVOLVED.

AUTUMN GOLD CTA INDEXES ARE NON-INVESTABLE INDEXES COMPRISED OF THE CLIENT PERFORMANCE OF CTA PROGRAMS INCLUDED IN THE AUTUMN GOLD DATABASE AND DO NOT REPRESENT THE COMPLETE UNIVERSE OF CTAS. INVESTORS SHOULD NOTE THAT IT IS NOT POSSIBLE TO INVEST IN THESE INDEXES.